build up, let's say a balance straight situation within the european union because countries in the eu or even the euro zone are very, very different to what germany or portugal or greece or italy to the east, it's a very, very different situation, in that, that means we need also all a bit of time, education, infrastructure investment, all this is needed so that they have, let's say, a growth perspective for the next years. >> thank you. take another round of questions. >> [inaudible] >> the federal reserve hester medical increased its balance sheet since the great recession. about 20, 30 years, it didn't very all that much. suddenly very large increase. is the federal reserve comfortable in that it has an exit strategy so that we don't have either major inflation -- [inaudible] or major losses from purchasing assets and resale trying to bring back this money. thank you. >> a very quick to comment. [inaudible] i'm very happy to american colleagues. i think that we in europe -- [inaudible] [inaudible] [inaudible] >> and in the back. did you have your hand up? >> that's what we do. any